The next step change for CCL (and the share price) is to resolve...

The next step change for CCL (and the share price) is to resolve the fate of the underperforming assets in Korea and Indonesia.
The article mentioned several options, eg sale back to TCCC or perhaps hive it off into a new (possibly at the same time merge it with other regional bottlers, as per the European operations of a few years back). CCL can then decide whether they want to keep or sell their shares in the new company, or spin it off to the current CCL shareholders as per the CC Beverages (now CC Hellenic).

However, I see no reason to sell the Aus/NZ bottling licences, because the CC business provides CCL with distribution leverage.
CCL have invested a lot of money in the Aus/NZ business (but not Korea/Indonesia understandably) eg automated warehousing plus water, coffee, beer and food acquisitions.

It wouldnt be in either TCCC's or CCL's interests to dismantle this. It waters down CCL's leverage with supermarkets etc.

Perhaps the ultimate pay day for CCL shareholders (as the Australian article said) is a takeover by SAB.

Lots of ways to make money here.